Murrey Math Lines 27.05.2015 (EUR/USD, NZD/USD)
27.05.2015
Analysis for May 27th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving downwards; earlier Super Trends formed “bearish cross”. Probably, in the nearest future the price may continue falling towards the 0/8 level. If the pair rebounds from it, the market may start an ascending correction.
The lines at the H4 and H1 charts are completely the same. If the price is able to rebound from the H1 Super Trend, it may resume moving towards the 0/8 level. After reaching this level, the market may it. In this case, bears’ next target will be at the -2/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar is moving in the middle of the H4 chart. Possibly, during the day the pair may form a correction towards the H4 Super Trend. If the price rebounds from it, the market may continue falling towards the -2/8 level and break it. In this case, the lines at the chart will be redrawn.
The lines at the H4 and H1 charts are completely the same. Probably, the pair may break the -2/8 level during Wednesday and the lines at the chart will be redrawn. Later, I’m planning to open another sell order when the price start moving downwards.
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